Events & Shows27 Mar 2013
Besi Announces Transactions Under Share Repurchase Program
The share repurchases are part of a buy-back program announced on October 23, 2012 according to which the Company may repurchase up to a maximum of approximately 1.5 million ordinary shares from time to time until 25 October 2013. The repurchase program is implemented in accordance with industry best practices and in compliance with applicable buyback rules and regulations. The Company has engaged an independent broker for the program and all purchases will be executed through Euronext Amsterdam. Besi is engaging in the repurchase program to enhance shareholder value in light of the current price of its shares relative to anticipated future earnings as well as to help further reduce share dilution from the conversion of its 5.5% Convertible Notes in June 2011.
To read the full version of the press release, please download the PDF file.